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Moderate participation for Black Friday protest

Monday, April 28, 2014    

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CIVIL society lobby group Citizens Action for Principle and Integrity (CAPI) has expressed gratitude to members of the population who supported its Black Friday protest against Government's planned withdrawal tax.

In a statement ot the media on the weekend, co-convenors Dennis Meadows and Hugh Fagan said there was "moderate participation" but that they were encouraged by those who moved beyond the chatter to stand up against a perceived injustice.

"Symbolism trumps doing nothing, but we are prepared to go beyond passive resistance should the people's voices of protest fall on deaf ears. We hope that our government will concede to the many voices against its proposed withdrawal tax and reverse its decision. We are further encouraged by the government's inclination to reconsider the tax and deem this as some measure of success from our advocacy and activism," the group said.

We anxiously await the Honourable Prime Minister's presentation and finance minister's rebuttal next week on the close of the budget debate.

Finance Minister Peter Philips in his opening of the budget debate announced a new levy on all withdrawals from deposit-taking institutions — banks, credit unions and security dealers. He later clarified t say that the levy wuld be on the instituions, not directly on customers.

A news release from the ministry olate last week said that Phillips indicated to trade union leaders that he would be conducting a review of the proposed revenue measures, and will announce adjustments, if any, by Wednesday, when he is scheduled to close the annual budget debate at Gordon House.

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